K2 Capital Acquisition Corp. closes IPO of 13.8M units at $10, raising $138M

K2 Capital Acquisition Corp

Closed IPO of 13.8M units at $10/unit, gross proceeds $138M.
Underwriters' over-allotment option exercised in full, adding 1.8M units.
Simultaneous private placement of 326,875 units to sponsor at $8/unit, gross $2.615M.
Trust account funded with $138M ($10 per public share); 18-month window for initial business combination.
Balance sheet shows working capital deficit of ~$94k; $1.25M subscription receivable due Feb. 3, 2026.

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